Submission Statement: „China’s stranglehold on critical minerals and rare earths poses a giant challenge for Washington. Investment is needed.“ Dr. Elly R. discusses the challenges the US faces in reducing its dependence on China for rare earth elements, which are crucial for advanced technologies and defense. Despite initiatives to develop a domestic supply chain and invest in mineral-rich countries, US efforts lag behind China’s aggressive investments and state support in the sector. Nationalization trends in resource-rich countries further complicate the landscape, as they seek to control critical minerals, impacting global supply dynamics and competition between the US and China.
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Submission Statement: „China’s stranglehold on critical minerals and rare earths poses a giant challenge for Washington. Investment is needed.“ Dr. Elly R. discusses the challenges the US faces in reducing its dependence on China for rare earth elements, which are crucial for advanced technologies and defense. Despite initiatives to develop a domestic supply chain and invest in mineral-rich countries, US efforts lag behind China’s aggressive investments and state support in the sector. Nationalization trends in resource-rich countries further complicate the landscape, as they seek to control critical minerals, impacting global supply dynamics and competition between the US and China.